Adani Green Energy Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ADANIGREEN · price
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Adani Green Energy reported audited standalone financial results for Q4 and full year ended March 31, 2026. Total income declined 6.2% to ₹19,460 Crores from ₹20,749 Crores in the prior year, driven by lower goods/equipment sales (₹18,017 Crores vs ₹19,520 Crores). Profit before tax fell 44.5% to ₹423 Crores from ₹762 Crores due to a ₹202 Crores impairment charge on investments in subsidiaries. Profit after tax declined 7.6% to ₹604 Crores. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding US DOJ indictment and SEC complaint against certain directors of the company (not the company itself), with proceedings pending in US District Court. The Board also approved re-appointment of independent directors, new joint statutory auditors (adding Shah Dhandharia & Co.), and a new internal auditor (T.R. Chadha & Co.).
The revenue and profit decline, combined with the impairment provision and ongoing US regulatory proceedings against directors, may create near-term sentiment headwinds despite the clean audit opinion. The management transition in Business Development and changes in auditors suggest organizational restructuring within the Adani Group.